Foreword by Andrew Chilvers The Middle East and North Africa (MENA) region is a hugely diverse cultural and geographical mix that stretches from Morocco in northwest Africa to Iran in Southwest Asia. The region is home to a range of economies with vastly different levels of openness to international trade and investment. But with the […]
The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (the “Act”) was signed into law by the President on 18 March 2021 and Minister for Justice, Helen McEntee, signed the commencement order last week, 23 April 2021. This development transposes (most of) 5AMLD into Irish law, further safeguards our financial system from money […]
Virtual voice assistants (VVAs) are interactive software-based services that are increasingly used to access and control digital ‘smart’ devices and online services, particularly in people’s homes and vehicles, but also at work. The major tech companies offer them, every smartphone has a VVA ‘living’ inside, as do some screenless ‘smart speakers’. But VVAs may also be […]
On the back of a challenging year (to say the very least), there’s reason for optimism when we consider that the Irish fintech industry experienced a record period of activity with almost $400m in M&A, venture capital and private equity transactions recorded in 2020 (source: KPMG – Pulse of Fintech H2’20 Report). The fintech industry […]
The Central Bank of the Republic of Turkey (“CBRT”) has recently issued the Regulation on the Disuse of Crypto Assets in Payments (“Regulation”) which will be applicable as of April 30,2021. While the Regulation specially targets and bans the use of crypto assets in payments, it defines and recognizes the concept of crypto asset for the […]
On April 20, 2021, Amending Regulation on Internet Domain Names (“Regulation”) has been promulgated, bringing new changes on the principles and procedures regarding internet domain names. While the Regulation sets new rules regarding the allocation process of internet domain names, it authorizes certain governmental bodies to conduct related transactions and auditing. Accordingly, the registrar informs […]
The electric scooters (“e-scooter”), among other players in the micro-mobility market, remain to be in demand since they attract users for short distance travels and offer an environmentally friendly option open for innovations. However, rapid increase of e-scooters in public spaces is borne multiple legal obstacles including the safety of e-scooter users, pedestrians, and traffic […]
On April 12, 2021, Turkish Medicines and Medical Devices Agency (“TITCK”) published the Amending Announcement regarding the Practices to be Carried Out After the Transition Period Regarding BREXIT (“Announcement”), abolishing the current practices and bringing out new approach on medical device registrations with purpose to ensure uniform practices with the EU. The Announcement explains that pursuant […]
urkey’s Banking Regulation and Supervision Agency (“BDDK”) has recently issued the Regulation on Remote Identification Methods to Be Used by Banks and Establishing Contracts in Electronic Environment (“Regulation”), which will be applicable as of May 1, 2021 which enables all banking operations to be conducted electronically. Accordingly, the Regulation aims to determine the procedures and […]
Registrations of trademarks as a series have recently gathered momentum and are fairly new to the trademark game. Series trademarks are believed to have potential to offer next level of protection to powerful Industries and brands. A trademark owner may use a variety of marks with a common prefix, suffix or syllable or for instance […]
Authored by Aishwarya Lakshmi VM Date of Order: 12th February 2021. Forum: Hon’ble Kerala Court. Purported contravention committed: a) Provisions applicable to issue of debentures to more than 50 persons not complied with; b) Chartered Accountant(s) (not registered with SEBI) were appointed as the Debenture Trustee in respect of the debentures issued by an NBFC. BACKGROUND OF THE CASE: […]
Authored by Ammu Brigit We all recognise cosmetics as any products used on or applied to human body with the intention of personal care and beautification. The manufacture, distribution and import of cosmetics in India is governed by Drugs and Cosmetics Act 1940(DCA). The Ministry of Health and Family Welfare (MoHFW) has notified the Cosmetics Rules […]